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Modernizing Claims Management - How Data, Analytics, Cloud, Digital, and Automation Are Transforming Claims

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Ventiv Predict Ventiv Predict is an advanced analytical solution designed specifically for the risk and insurance industries. This solution streamlines the predictive analytical process by combining data integration and preparation, advanced analytics and model deployment into one integrated software product. Figure 2 - Ventiv Predict Dashboard Ventiv Predict contains a series of pre-built predictive analytical models that include: Case reserving estimation Litigation propensity Subrogation likelihood Claims duration forecasting High-severity claims identification Using an extensive claims history database of tens of millions of claims, representing over $80bn in settlement amounts, Ventiv Predict empowers organizations to turn the growing volumes and varieties of data into actionable insights so that they can make data-driven decisions—in real time—throughout the claim lifecycle. MODERNIZING CLAIMS MANAGEMENT | 10

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